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Concern over the recent escalation of tensions between Palestinians and Israelis have been temporarily relieved after Palestin
ian leaders in Gaza agreed a cease-fire with Israel early on Monday. Right now, nothing is more important than u
pholding the cease-fire as the atmosphere between the two rivals has not been so combustible since 2014.
Since Friday, militant groups in Gaza have fired more than 600 rockets a
nd other projectiles at southern Israeli cities and villages, killing four Israeli civilians, wit
h Israel retaliating with air and artillery strikes, killing 27 people, including 14 civilians, in Gaza.
The latest border clashes, the most deadly since 2014, have occurred against the backdrop of the changing Middle East po
licy of the United States, which has seen the US drop any pretense of impartiality and make clear its support of Israel.
integration－trade, investment and finance－began benefiting large emerging and developing econ
omies. To be sustainable, globalization cannot serve just a few wealthy advanced economies. It m
ust also serve poorer and faster-growing economies, which today account for most of the global growth.
So, by flirting with trade protectionism and punitive tariffs on imports, adva
nced economies are seeking to implement the wrong policies at the wrong time. As the adv
anced countries have fallen into secular stagnation, they desperately need growth. Therefore, the rise of poorer eco
nomies is not a win-lose game, because it benefits the advanced economies, too.
In the aftermath of the 2008 global financial crisis, all major advanced econom
ies would have faced another Great Depression without the support of large emerging economies, particularly Ch
ina. And the contribution of these countries to global GDP growth is expected to climb to 80 percent by 2050.
ranking in fourth place following Samsung, Google’s parent Alphabet and Amazon. Data als
o showed the company took 14 percent of its annual sales on research last year, the second-highest after Alphabet.
Huawei’s R&D spending totaled 480 billion yuan ($71.3 billion) over the past 10 years, ac
cording to its annual report. Besides, the tech behemoth achieved 721.2 billion yuan in global sales in 2018, a 19.5
percent increase year-on-year, and net profit reached 59.3 billion yuan, up 25.1 percent compared with a year earlier.
Smartphone sales from the company gained 348.9 billion yuan las
t year, a 45.1 percent rise year-on-year accounting for 48.4 percent of total revenue.
As of April 15, Huawei has secured 40 commercial contracts for 5G equipment and shi
pped over 70,000 5G base stations, the company announced at its annual Global Analyst Summit.
car sales and expand the supply of automobiles as part of its latest efforts to boost auto consum
ption, Gao Feng, the spokesperson for the Ministry of Commerce, said at a press conference early this month.
By the end of 2018, China’s six cities namely Beijing, Shanghai, Shenzhen, Guangzhou, Hangzhou and Tianijin carried
out the purchase restriction of fuel-powered passenger cars, said Shao Jiang, an analyst at Everbright Securities. “If thes
e cities double their rising number of new cars, it could bring a 2.8 percent year-on-year growth for the wh
ole passenger car market.”Editor’s Note: The eight explosions in Sri Lanka on Easter Sunday have claimed more tha
n 300 lives and left over 500 people injured. A ninth explosion was reported on Monday near a church in Colombo, but n
one was reported killed or injured. The Islamic State reportedly claimed responsibility for the bombings on Tue
sday. Two experts share their views on the attacks with China Daily’s Liu Jianna. Excerpts follow